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Insurance Appraiser Average Salary in Cameroon 2020

How much money does an Insurance Appraiser make in Cameroon?

Average Monthly Salary
451,000 XAF
( 5,410,000 XAF yearly)


A person working as an Insurance Appraiser in Cameroon typically earns around 451,000 XAF per month. Salaries range from 239,000 XAF (lowest) to 685,000 XAF (highest).

This is the average monthly salary including housing, transport, and other benefits. Insurance Appraiser salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Insurance Appraiser Salary Distribution in Cameroon

Median and salary distribution monthly Cameroon Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Cameroon range from 239,000 XAF per month (minimum salary) to 685,000 XAF per month (maximum salary).

  • Median Salary

    The median salary is 424,000 XAF per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 424,000 XAF while the other half are earning more than 424,000 XAF. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Insurance Appraiser(s) are earning less than 298,000 XAF while 75% of them are earning more than 298,000 XAF. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 521,000 XAF while 25% are earning more than 521,000 XAF.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Insurance Appraiser Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Cameroon Insurance Appraiser
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Insurance Appraiser salaries by experience level and this is what we found.

An Insurance Appraiser with less than two years of experience makes approximately 275,000 XAF per month.

While someone with an experience level between two and five years is expected to earn 337,000 XAF per month, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 478,000 XAF per month, 42% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 558,000 XAF per month, 17% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 614,000 XAF per month, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 649,000 XAF per month, 6% more than people with fifteen to twenty years of experience.

Insurance Appraiser average salary change by experience in Cameroon

0 - 2 Years
275,000 XAF
2 - 5 Years+23%
337,000 XAF
5 - 10 Years+42%
478,000 XAF
10 - 15 Years+17%
558,000 XAF
15 - 20 Years+10%
614,000 XAF
20+ Years+6%
649,000 XAF
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Insurance Appraiser Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Insurance Appraiser(s) who have the same experience but different education levels.

Salary comparison by education level monthly Cameroon Insurance Appraiser
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Insurance Appraiser salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Insurance Appraiser is 364,000 XAF per month.

While someone with a Bachelor's Degree gets a salary of 533,000 XAF per month, 47% more than someone having a Certificate or Diploma degree.

Insurance Appraiser average salary difference by education level in Cameroon

Certificate or Diploma
364,000 XAF
Bachelor's Degree+47%
533,000 XAF
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender monthly Cameroon Insurance Appraiser
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Insurance Appraiser employees in Cameroon earn 16% more than their female counterparts on average.

476,000 XAF
410,000 XAF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Cameroon for all Careers

Salary comparison by gender monthly Cameroon
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Insurance Appraiser Average Annual Salary Increment Percentage in Cameroon

How much are annual salary increments in Cameroon for Insurance Appraiser(s)? How often do employees get salary raises?

Insurance Appraiser

Insurance Appraiser(s) in Cameroon are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Cameroon Insurance Appraiser
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Cameroon / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Cameroon is 2%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in Cameroon for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Insurance Appraiser Bonus and Incentive Rates in Cameroon

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cameroon Insurance Appraiser
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An Insurance Appraiser is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

91% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 9% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Insurance Appraiser Average Hourly Wage in Cameroon

2,600 XAF per hour

The average hourly wage (pay per hour) in Cameroon is 2,600 XAF. This means that the average Insurance Appraiser in Cameroon earns approximately 2,600 XAF for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Insurance Appraiser VS Other Jobs

Salary Comparison Between Insurance Appraiser and Insurance monthly Cameroon
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The average salary for Insurance Appraiser is 2% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst628,000 XAF+39%
Actuarial Assistant458,000 XAF+2%
Actuary615,000 XAF+36%
Adjustment Insurance Clerk168,000 XAF-63%
Assistant Broker284,000 XAF-37%
Assistant Claims Manager524,000 XAF+16%
Associate Insurance Representative242,000 XAF-46%
Auditing Insurance Manager698,000 XAF+55%
Broker477,000 XAF+6%
Claim Advocacy Professional476,000 XAF+6%
Claims Adjuster181,000 XAF-60%
Claims Analyst238,000 XAF-47%
Claims Examiner247,000 XAF-45%
Claims Manager629,000 XAF+40%
Claims Processor172,000 XAF-62%
Claims Representative206,000 XAF-54%
Claims Resolution Specialist480,000 XAF+7%
Claims Supervisor476,000 XAF+6%
Complaints Specialist431,000 XAF-4%
Compliance Officer387,000 XAF-14%
Consultant485,000 XAF+8%
Eligibility Specialist452,000 XAF+0%
Insurance Account Manager550,000 XAF+22%
Insurance Accounts Executive500,000 XAF+11%
Insurance Agent287,000 XAF-36%
Insurance Analyst458,000 XAF+2%
Insurance Appraiser451,000 XAF+0%
Insurance Claims Clerk173,000 XAF-62%
Insurance Examiner443,000 XAF-2%
Insurance Investigator428,000 XAF-5%
Insurance Manager790,000 XAF+75%
Insurance Operations Manager767,000 XAF+70%
Insurance Policy Processing Clerk175,000 XAF-61%
Insurance Pricing Assistant349,000 XAF-23%
Insurance Program Manager605,000 XAF+34%
Insurance Project Manager618,000 XAF+37%
Insurance Quality Assurance Agent384,000 XAF-15%
Insurance Sales Agent291,000 XAF-35%
Insurance Sales Director796,000 XAF+77%
Insurance Team Leader469,000 XAF+4%
Insurance Underwriter353,000 XAF-22%
Loss Control Specialist440,000 XAF-2%
Loss Prevention Investigator492,000 XAF+9%
Loss Prevention Manager645,000 XAF+43%
Loss Prevention Specialist490,000 XAF+9%
Marine Underwriter357,000 XAF-21%
Medical Auditor467,000 XAF+4%
Monitoring and Performance Officer321,000 XAF-29%
Payment Services Specialist474,000 XAF+5%
Policy Change Director757,000 XAF+68%
Policy Change Supervisor491,000 XAF+9%
Policy Change Technician228,000 XAF-49%
Risk Analyst514,000 XAF+14%
Risk Management Director924,000 XAF+110%
Risk Management Supervisor560,000 XAF+24%
Risk Manager866,000 XAF+92%
Risk Modeling Manager898,000 XAF+99%
Title Insurance Typist398,000 XAF-12%
Training Manager496,000 XAF+10%

Salary Comparison By City

CityAverage Salary
Douala496,000 XAF
Yaounde488,000 XAF

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Cameroon earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
432,000 XAF
Public Sector+11%
478,000 XAF
Percentage increase and decrease are relative to the previous value

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